Selling Points Questions

[disneyseller11]

Hi All,

I had a family member recently pass away that left Disney points to us. Any help on trying to figure out what to do with them would be much appreciated. I'm the executor of the estate and looking to find the most efficient and profitable way to convert those points to $, as everyone agrees cash would be put to better use for all of us.

Someone told me that Disney has the first right to purchase, is this true? If yes, does Disney offer fair market value or the value that the points were purchased for?

If they can be sold on the market, where is this market and what should they be listed for?

Any advice would be great.

 

[mch04049]

Hi All,

I had a family member recently pass away that left Disney points to us. Any help on trying to figure out what to do with them would be much appreciated. I'm the executor of the estate and looking to find the most efficient and profitable way to convert those points to $, as everyone agrees cash would be put to better use for all of us.

Someone told me that Disney has the first right to purchase, is this true? If yes, does Disney offer fair market value or the value that the points were purchased for?

If they can be sold on the market, where is this market and what should they be listed for?

Any advice would be great.

You can sell them at the Timeshare Store which is a sponsor of this site. We bought our points through them and had a very good experience. As with all real estate transactions there will be a commission fee. I hope this helps.

 

[erionm]

Someone told me that Disney has the first right to purchase, is this true? If yes, does Disney offer fair market value or the value that the points were purchased for?

Once you have an agreement with someone to purchase the points, that contract must be sent to DVC for Right of First Refusal (ROFR). DVC has the option to step in and purchase the contract at the agreed upon terms or they can pass.

 

[RobDoc]

...
Someone told me that Disney has the first right to purchase, is this true? If yes, does Disney offer fair market value or the value that the points were purchased for? ...

Disney will not make you an offer to purchase the contract, they will only act on an already offered and accepted offer from a third party. If they feel it is too low, they will exercise their Right-of-first-Refusal option and purchase under the same terms already accepted.

I would also suggest using a resale broker. The Timeshare Store specializes in DVC resales and has assisted many on these forums for years now - both buying and selling.

 

[Spork24]

I'm sorry for your loss.

There are many factors that go into what you should list it for. (Home resort, points, points available now) etc.

We also have purchased from the timeshare store, and that's who I would use if I was in a similar situation. They can help you with all the details of list price to make sure you get as much money out of this property as possible, while being able to liquidate it quickly. I would give them a call today.

 

[Best Aunt]

The person who passed away had a DVC contract (or contracts). In order to sell a DVC contract, you sign a deed. If you call the Timeshare Store or another broker, make sure you tell them the state where the Court appointed you as Executor. If it's not Florida, you might have to go through a second proceeding in Florida ("Ancillary Probate") in order to have authority to sign the DVC deed. I don't know for sure, but they would.